Whitbread Share Discussion Threads

[philanderer] 23/11/2021 00:41

That 3000p chart support still just about holding.

[bountyhunter] 22/11/2021 21:14

The pandemic is dragging on longer than most expected especially in Europe but I believe that the UK and Europe including Germany will move out of this early 2022 after maybe a peak after Xmas/NY, so with just a bit of good fortune we should be moving out of this mess in WTB's marketplace by Feb/Mar imho. Therefore a bit longer to wait for a strong WTB recovery than anticipated but the story hasn't changed here and as the market looks forwards the worst should be over soon. Imho fwiw!

[m_kerr] 22/11/2021 21:02

if they sell and leaseback the property, they're on the hook for maybe £250m in incremental rent, which almost entirely wipes out the annual profit in normal times. if they got to £300m in profit, that would be about £1.50 in EPS, which would put the shares on a prospective PE of 20 (their cash is roughly balanced out by financial debt), which isn't cheap. the way land prices have been going, it's very possible the property estate has huge untapped value not reflected in the net book value, either in alternative use or sale of surplus land. that's where the value here is IMO.

[netcurtains] 19/11/2021 14:02

The NAV of Whitbread is about £4b.
In non-covid normal years it makes about £0.3b pre-tax profit.
So market cap of £6b gives PE of about 18.....

If we deduct NAV value from market cap (mainly property) then
the current PE would be about 6.

(in normal years).

Very good value "if" it recovers.

[philanderer] 19/11/2021 13:56

Always will be covid related.

[netcurtains] 19/11/2021 12:20

Will it ever hit bottom? Is there a bottom?
This is a total disaster.

[philanderer] 19/11/2021 11:07

I see Austria are making covid jabs mandatory from next year.

[bountyhunter] 19/11/2021 10:52

Yes the German news no doubt, I'm still confident this will recover strongly in due course but may need to wait a bit longer now with the "4th wave" impacting Europe.

[philanderer] 19/11/2021 10:14

Something happened at 9:30am that spooked the market.

[netcurtains] 19/11/2021 09:54

Its got to be German covid19 numbers that are spooking the market.

[netcurtains] 19/11/2021 09:53

This is going to go sub-3000 that is for sure.
Total disaster for me.
Easily my worst investment over the past 2 years.

[philanderer] 18/11/2021 18:08

Whitbread has launched a range of new meat-free dishes across its 1,200 sites, including Beefeater, Brewers Fayre, and Bar + Block.


[...]

[philanderer] 18/11/2021 14:30

or it could be this ? ;-)

Whitbread : PREMIER INN LAUNCHES BRAND NEW VEGAN SAUSAGE AT BREAKFAST

[philanderer] 18/11/2021 11:23

Overeas earners getting hit by the strong pound. Domestics doing ok.

[netcurtains] 18/11/2021 11:02

Its possible (not sure), if it ends up today then we might have reached the bottom. Just a guess.

[redoctober5] 18/11/2021 09:32

It was champage day yesterday.

[netcurtains] 18/11/2021 08:40

Beaujolias Day today.

[bountyhunter] 17/11/2021 20:48

I remain confident as well, just a waiting game.

[philanderer] 17/11/2021 19:50

Hopefully 3000p holds chartwise.

[commuter10] 12/11/2021 12:40

Agreed Net, Xmas if No restrictions reintroduced could be a bonanza for the Company both in U.K. & Germany. Hold your nerve!

[philanderer] 12/11/2021 11:41

Not the best of weeks :-(

[netcurtains] 11/11/2021 16:22

Disappointing fall today but I am still convinced, over a reasonable period that:
End of covid-19 === rise in Whitbread.

(three equal signs means "The same as" in Java Script)

It's just a waiting game.
At least that is my opinion.
I'm biased as I'm big into this stock.

[netcurtains] 10/11/2021 12:41

The average price for this share is 4000 going right back to the beginning of 2014 so still an awful long way to go to reach "average".

[netcurtains] 10/11/2021 09:37

With no lockdown, I suspect quite a few people will take small holidays around Christmas using Premier Inn.